Orchid Protocol

The decentralized, open-source technology

Token symbol

Smart contract blockchain

Links

Team:

Steve Waterhouse - CEO

Brian Fox - Co- Founder

David Salamon - Network Architect

The Internet was originally an open platform where people could freely learn and communicate. Unfortunately, as the Internet grew it became a place where people could be monitored, controlled, and censored. We're building a new civil contract around a distributed marketplace for computation, storage, and bandwidth to provide the framework for a new form of digital citizenship.

Expert Review

TokenTops

TokenTops

4.2 out of 5

Founded by Polychain Capital, Orchid looks to build what could potentially become the most reliable and resilient tool on the internet, allowing people to access content without any restrictions whatsoever. Its product – the Orchid Protocol – is basically an open-source technology that allows users to access the internet free from censorship and surveillance. It’s fully decentralized, meaning that it can’t be controlled or shut down by a single entity or a government. Orchid is driven by one simple mission. It believes that the Internet is an open platform, invented for everyone to access information and communicate freely, without any surveillance or restrictions. Unfortunately, this has not been the case. The internet hasn’t guaranteed freedom and openness, triggering ideas to change that. With Orchid Protocol, software that runs on computers, users get an open-source protocol that operates on a token-based bandwidth exchange, protecting them from surveillance and censorship. The orchid protocol works in a rather interesting way. Combining its protocol with state-of-the-art-encryption, as well as a fully decentralized infrastructure, Orchid is able to give its users access to the internet without any surveillance whatsoever. Considering surplus bandwidth is ubiquitous, users are able to exchange bandwidth in a peer-to-peer- transaction by simply using Orchid tokens powered by Ethereum blockchain. Just like most tokens on Ethereum Blockchain, Orchid Protocol token is ERC20-compatible but comes with additional features in order to support low transaction fees. Orchid has already raised about 4.7 million dollars in seed funding through SAFT, an investor group including Struck Capital, Richard Murihead, Crunchfund, Blockchain Capital, Metastable and Polychain Capital (the funder). If the system designs are implemented and an audit is done to determine its effectiveness, users could feel much confidence in it, attracting more and more people and organizations to use it.

User Review

As of now, it’s not certain how well the system does when it comes to security, but the team is conducting checks before the first release. Orchid promises to continue working on the core technology to have a complete solution which it can go ahead and prove is anonymous and not censorable. I'm waiting for more information.